Sunday, July 21, 2013

nice graphs of US and UK show relative macro policy flops

The US and UK, 2007–12: actual versus predicted paths

"The pink range indicates the expected recovery path. As we noted in our original column, the US exceeds expectations here. The US growth path manages to emerge from and stay above the predicted range by years 3-4-5 (i.e. 2010–12). In contrast, the UK path is disappointing, and can’t really be called a recovery yet"